Sprint Bets on New Wireless 'WiMax'

Sprint Nextel Corp. announced today it is choosing a nascent technology known as WiMax to build a new wireless Internet network in the coming years, people familiar with the matter say.

The move marks a significant win for backers of the new technology, such as Intel Corp. and Motorola Inc., while it would be a setback for wireless pioneer Qualcomm Inc, which is behind a rival technology.